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Yesterday afternoon, we listened in on the Senate Banking Committee’s hearing on additional regulation for hedge funds and other forms of private investment, like venture capital. Which seems like a fairly important topic, given some of the grand-standing we’ve seen in the not-too-distant past from various elected officials. Yet, when the live feed pulled away [...]
Yesterday, the Senate passed by a vote of 90-5 what has been described by the WSJ and others as sweeping restrictions on the credit card industry. Given how this wasn’t really that big of a surprise and given how the House is expected to pass similar legislation and President Obama is expected to sign it, [...]
This morning, there’s several reports out about a Government Accountability Office report that doesn’t look too kindly on former SEC Chairman Chris Cox. Although I’ve only just received the 64-page report (.PDF), which was requested last year by Rhode Island Senator Jack Reed, this Bloomberg story covers most of the bases and the headline alone [...]
Remember last November, when the auto companies’ CEOs flew in their corporate jets to beg the Senate Banking Committee for a taxpayer-funded bailout? After that public relations fiasco, the CEOs assumed contrite tones, assured Americans that they “got it,” and promised to start running their companies in a more frugal manner. As proof, when the [...]
Right about now, a subcommittee of the House Energy & Commerce Committee is holding a hearing on how the peanut butter salmonella crisis has spun so out of control. It’s been nearly a month since the FDA announced its recall and according to this article the problem has impacted more than 220 different products. Given [...]
